On January 1st, 2020, a new regulation, IMO 2020, will come into force to limit the amount of sulphur emitted globally by the shipping industry. Marine Underwriter Pauline des Vallières and Senior Onshore Energy Underwriter Jean-Christophe Candelon take us through the impacts of this major clean-up for shipping, refineries and the (re)insurance industry

The SCOR Group is pleased to have received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurancev licence in China that will enable it to open a branch in Beijing with a view to conducting property & casualty reinsurance transactions.

SCOR is pleased with the decision by AM BEST to raise the rating of the Group and its subsidiaries from « B++, positive outlook» to « A-, stable outlook ». The rating of Revios, which had been placed under review with negative implications upon the announcement following its combination with SCOR, has been affirmed « A-, stable outlook ».

The completion of the combination of Revios (Revios Rückversicherung AG) and SCOR remains subject to receipt of regulatory authorizations from the insurance supervisory commissions (or the equivalent bodies) in 7 jurisdictions where the Group operates and also to the approval of the anti-trust authorities in 4 jurisdictions, particularly the European Union.

The United States District Court for the District of Massachusetts ordered on the 16th August 2006 that the case brought by the Highfields investment funds against SCOR be dismissed without prejudice due to the Highfields investment funds' failure to establish the Court's subject matter jurisdiction.

Following today’s decision by the SCOR Board of Directors, SCOR will become the first French listed company (SCOR SA) to adopt the status of Societas Europaea. This creation of a Societas Europaea will take place by ways of transformation. SCOR Vie, its operating life reinsurance subsidiary, will also adopt Societas Europaea status by means of transformation.